SaaS platform Blubirch has raised $6.3 million in a Series A funding round led by Cornerstone Ventures and Capital2B, while homegrown beer brand Proost Beer has raised $3 million in its pre-Series A funding round.
Blubirch raises $6.3m in Series A
Blubirch said it has raised $6.3 million in a Series A funding round led by Cornerstone Ventures and Capital2B. Blubirch has secured a total fundraising of $10.2 million to date.
“Returns and warranty management is a fairly complex, often ignored, and under-appreciated area. The Blubirch management has deep domain understanding of this space, and their platform can help retailers and OEMs deliver better customer experience and reduce working capital cycles,” said Amit Behl, Partner, Capital 2B.
The company said this fundraising will help accelerate its growth and deepen its market presence across various retailer marketplaces and OEM ecosystems, consolidating its position as a leader in reverse supply-chain solutions in India as well as across MENA and the Indo-Pacific in the foreseeable future.
Proost Beer closes $3m pre-Series A round
Proost Beer has raised $3 million in its pre-Series A funding round, in a mix of equity and debt.
The funding round saw participation from existing and new investors, including Chimes Group, Dev Punj, The Chennai Angels, Finvolve, India Accelerator, Hyderabad Angels, Mumbai Angels, AngelList India, and Agiliti Venture.
The fresh infusion of funds will play a pivotal role in Proost Beer’s strategic expansion plans.
Operating under the umbrella of Grano69 Beverages Pvt Ltd in Delhi, the company has a presence in Delhi, Punjab, Uttar Pradesh, and Kerala retail outlets selling nine units of beer every minute.
“The successful conclusion of this funding round empowers us to enhance our production capabilities and venture into new markets. We are highly optimistic about the industry’s growth potential, driven by the increasing consumer appetite for innovative, high-quality products. With this funding, we anticipate achieving a remarkable 300% growth,” said Vijay P Sharma, co-founder & Managing Director of Proost Beer.
